Schroders posts £800m net retail inflow in Q3

Schroders recorded a £800m net retail inflow in Q3, with flows slowing from the two previous strong quarters.

The group's third quarter net retail inflow took its total over the first nine months of the year to £5.9bn. It posted a £3.3bn net retail inflow in Q1 and £1.8bn in Q2. Overall, Schroders took in a net £5.4bn in Q3, which also consisted of £3.7bn from the institutional space and £0.9bn in private banking. Net inflows were £21.5bn for the first nine months of 2010, with 79% coming from clients outside the UK. The group's funds under management have reached a new high of £181.5bn as at 30 September 2010, while it says net inflows have continued since the quarter end. At the profi...